peak 4 Currency Strength Meters
The best currency strength meter must be able to accurately measure currentness persuasiveness, and predict currency prize. Deciding on which currentness forte meter is best is something we ‘ve been working on since 2013, with many existing tools being very lackluster until 2018.
Reading: Best Currency Strength Meter
Below we ‘ve ranked the circus tent 4 currency persuasiveness meters available on the market today, to help traders decide which currencies are impregnable and weak over the hail weeks, months, and years.
1. Macro Currency Strength Meter by Logikfx sum Rating = 4.7 out of 5 Logikfx ‘s macro currency lastingness meter has disrupted the diligence by being the first fundamental-based currency persuasiveness meter on the market, giving its rate of No.1 currency force meter Read More …
2. Currency Quake Currency Strength Meter entire Rating = 3.0 out of 5 Currency Quake currency potency meter calculates currency military capability again using a basket of diachronic forex prices for equitable 8 currencies in sum. Read More …
3. Live Charts Currency Strength Meter full Rating = 2.5 out of 5 live charts free currentness strength meter provides a immediate ocular template on diachronic currency military capability since 2004. The meter measures the persuasiveness across 10 currencies, using a basket of currency pair prices. Read More …
4. FXBlue – Relative Currency Strength Meter The FXBlue currency potency meter is another technical currency strength indicator that follows a similar user interface as the other currentness forte charts. It’s a live currency strength chart that analyses the major forex pairs but besides includes Gold and Bitcoin intensity. closely all found were using backward-looking data to determine the force of a currentness, which had no indication on future currency military capability.
This meant about all currency meters were poor people tools for Forex Traders who were looking to predict the market.
Best Currency Strength Meter Explained
From the research produced by the Logikfx Lead Team currency potency meters can be benchmarked based upon for following factors :
- accuracy at predicting future currency price
- range of currencies offered
- User interface ergonomics
- Customer Support
And after testing many currentness persuasiveness meters under those conditions, it was to no storm that many of the products available leave a bunch to be desired.
Based upon this, we ‘ve come up with our top 3 Currency Strength Meters, with only the Macro Currency Strength Meter by Logikfx meeting our minimum quality standards :
1. Macro Currency Strength Meter by Logikfx.com
Overall Rating = 4.7 out of 5
Logikfx ‘s macro currency strength meter has disrupted the diligence by being the first fundamental-based currency military capability meter on the market, giving it a rat of 4.7 out of 5. Released in 2018, it is used by professional traders, retail traders, and currency analysts globally. If you want to try out a spare currency intensity meter then Logikfx currency meter is one of the best to try.
It has been ranked as the best automation creature for retail traders by E-Forex Magazine in 2019 and continues to hold its deed.
The Logikfx currentness force meter is suitable for swing traders, vogue traders, and counter-trend traders.
As Logikfx ‘s Currency Strength formula is based on thousands of economic releases and reports, it has the best predictive ability out of any currency potency meter on the market. It has been found to predict numerous long-run trends.
In addition, datum is collected from a variety of sources that helps eliminate source errors providers may overlook. These sources tend to include :
range of currencies 4/5
Logikfx ‘s Macro currency intensity meter covers closely all tradable currencies available to retail traders including :
Logikfx ‘s currency persuasiveness meter is accessed via any internet browser platform, which makes it easily accessible on about any device, with no downloads required.
Logikfx ‘s currency strength meter is a monthly subscription. There is a 7-day free test and then It’s £189 GBP per month after.
slightly more expensive than early currency persuasiveness meters out there, but its cost is justify based on the fact it ‘s miles ahead in its accuracy.
User Interface 5/5
Logikfx ‘s currentness potency meter user interface is friendly, and the easiest to understand on the grocery store. Logikfx has invested a lot of time into making the currentness persuasiveness data ampere effective as potential.
not only does it rank the opportunities, from the best to worst, but besides provides digest tools that help traders build very high-quality, durable barter ideas.
Logikfx Historical Currency Strength Meter Line Chart
Logikfx Currency Strength Meter Score Cards:
Logikfx Technology Summary Dashboard:
Logikfx provides confirm via exist chat, telegram, and email 5 days a week as per Logikfx ‘s opening hours. From exploiter reviews, the feedback is rated excellent.
Since release, Logikfx ‘s macro currentness strength meter has had NO recorded downtime. The joyride gets an excellent rating for its dependability.
Logikfx has provided an active forum dedicated to the currentness forte meter and other logikfx technology users. They ‘re firm to respond to ideas, and updates that users request.
The Logikfx web site has an SSL certificate and complies with GDPR compliant privacy notices, and cookies policies.
2. Currency Quake Currency Strength Meter
Rating = 3 out of 5
Currency Quake ‘s currency strength meter calculates currency lastingness again using a basket of historical forex prices for equitable 8 currencies in sum. As it measures forte based on forex prices, it lacks the ability to predict forex prices and consequently scores a 3 out of 5
Currency Quake ‘s currentness strength meter analyses the past Weekly, Daily, 4-hour, and 1-hour historic forex price data, and bundles pairs to work out the strength for an individual currency.
It uses 28 forex pairs, to calculate the intensity for 8 currencies.
The main issue with this approach is that the data is all backward-looking, and therefore has no value in predicting future prices.
As it is a barren tool, its best use is to understand historic price action strengths or weaknesses.
range of currencies 1/5
Currency Quake ‘s currency strength meter covers only 8 currencies including :
Currency Quake ‘s potency meter is accessed via any internet browser platform, which makes it easily accessible on about any device, with no downloads required.
monetary value 5/5
Currency Quake ‘s currency intensity meter is loose.
User Interface 3/5
Currency Quake ‘s drug user interface is very simpleton but suffers in the potency department.
It lacks historic military capability readings to give traders an overall lookout on potency trends. See below :
Currency Quake provides electronic mail accompaniment.
From our experience, the Currency Quake ‘s meter has been updated as stated on the currency meters description.
But again, as the data is based on price, it is not a reliable informant for future currency force.
Currency Quake ‘s has no clear active community discussing this particular software, and the best ways to utilize it.
The web site has SSL & HTTPS Security.
3. live Charts Currency Strength Meter
Rating = 2.5 out of 5
live Charts free currency strength meter provides a quick ocular lead on historic currency intensity since 2004. The meter measures the intensity across 10 currencies, using a basket of currentness pairs. Learn more …
As it measures intensity based on forex prices, it lacks the ability to predict forex prices and consequently scores a 2.5 out of 5.
LiveChart ‘s currentness intensity meter analyses the past 24 hours ‘ worth of forex price data, and bundles pairs to work out the force for an person currency.
The independent emergence with this approach is that the datum is all backward-looking, and consequently has no prize in predicting future prices.
As it is a detached cock, its best use is to understand diachronic price carry through strengths or weaknesses.
range of currencies 2/5
The currency strength meter covers only 10 currencies including :
LiveChart ‘s force meter is accessed via any internet browser platform, which makes it easily accessible on virtually any device, with no downloads required.
LiveChart ‘s currency lastingness meter is free.
User Interface 2/5
LiveChart ‘s drug user interface is very simple and therefore suffers in the effectiveness department. It lacks the accuracy of numbers, and historical strength readings to give traders an overall lookout on potency trends. See below :
LiveChart provides electronic mail support.
From our experience, the meter has been updated daily as stated on the currency meters description.
But again, as the datum is based on price, it is not a dependable source for future currency strength.
LiveChart ‘s has no clear active agent residential district discussing this particular software, and the best ways to utilize it.
The web site has no SSL or HTTPS security.
Logikfx ‘s Macro Currency Strength is the best currency potency meter available on the marketplace presently.
It maintains perch position because its convention for its lastingness calculation is the entirely one on the market that uses leading economic data, from a variety show of sources .